Certainly, OEM partners seem to think so. One key question is whether lidar indeed is the right technology. Solid share of that market will make the current $10 billion market capitalization likely look cheap in retrospect. According to the merger presentation, by 2030, thanks to ‘robotaxis,’, commercial vehicles, and ADAS, the company believes its total addressable market will reach $150 billion. Right now, Luminar estimates its total addressable market at about $4 billion. ADAS (advanced driver-assistance systems) represent a reasonably large market in the meantime. It’s not just autonomous vehicles, either. With 50 commercial partners already, including a number of OEMs (original equipment manufacturers), Luminar might well have the best chance of being the industry leader over the long haul. That intellectual property gives Luminar an important head start - and prevents rivals from catching up. Nikola (NASDAQ: NKLA) has proven to be an example. A lot of newer, supposedly high-tech companies, whether in autonomous or electric vehicles, have proven themselves to be not much more than assemblers. ![]() That’s a big competitive differentiator in the space. Most importantly, as management has detailed in the past, Luminar has a big edge: it’s built its system from the ground up. The company is an early leader in lidar (light detection and ranging) technology. When that day comes, Luminar seems well-positioned to capitalize. 9 Stocks That Investors Think Are the Next Amazon.They may not arrive as fast as some believe, but they will arrive at some point. The Case for LAZR StockĪutonomous vehicles are on the way. But investors who still see upside in the sector should have LAZR stock on their watchlist. Many companies that, like Luminar, went public via SPACs (special purpose acquisition companies) have seen their share prices move just as far, if not farther, from the merger price.įrom here, those valuation concerns shouldn’t be ignored. ![]() That’s been doubly true for auto-tech names. That said, this has not been a market where valuation concerns have been paramount. It’s certainly fair to ask if the stock should trade above $30 given that Luminar was willing to execute a merger at a price of $10 per share less than a year ago. At a current price of $31, Luminar has a market capitalization over $10 billion. Transcript : Luminar Technologies, Inc.Source: Olivier Le Moal / Luminar Technologies' Q1 Loss Widens, Revenue Climbs 2023 Revenue Growth Maintained Rosenblatt Adjusts Luminar Technologies' Price Target to $6 From $8, Keeps Neutral Rating Luminar Tech CEO to acquire majority stake in Forbes - WSJ ![]() Global markets live: Vodacom, Newmont, Tesla, General Motors. ![]() Morgan’ s Global Technology, Media and Communications Conference 2023, May-22-2023 03:50 PMĬitigroup Adjusts Luminar Technologies Price Target to $18 From $19, Maintains Buy Rating Luminar and Plus Partner for LiDAR and AI-Based Assisted Driving Software for Trucking Presents at Global Auto Industry Conference, Jun-14-2023 12:50 PM Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023 Provides Revenue Guidance for the Year 2023 Transcript : Luminar Technologies, Inc., Q2 2023 Earnings Call, Aug 08, 2023Įarnings Flash (LAZR) LUMINAR Reports Q2 Revenue $16.2M, vs. Luminar Technologies Q2 Non-GAAP Loss Widens, Revenue Rises 2023 Revenue Outlook Maintained Tech Down as AI, VR Enthusiasm Stalls - Tech Roundup Morgan Auto Conference, Aug-10-2023 09:30 AM Citigroup Adjusts Price Target on Luminar Technologies to $17 From $18, Maintains Buy Rating
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